We’ve seen a national housing recovery in the last few months with home prices rising nationwide by 11.2%. Many analysts are predicting that home prices will continue to rise in 2014 but at a slower, steadier pace. KCM's housing predictions for this year are especially optimistic, stating they "strongly believe that home sales will skyrocket with increases of 10-15% in 2014." […]
What’s Ahead For Mortgage Rates This Week – January 6, 2014
January 6, 2014 by
The last week of 2013 brought relatively good news in view of the economic roller coaster rides caused by legislative impasse. A brief shutdown of federal government agencies, and nail-biting suspense over if and when the FOMC of the Federal Reserve would taper its quantitative easing program.
What’s Ahead For Mortgage Rates This Week – December 30, 2013
December 30, 2013 by
The University of Michiganâs Consumer Sentiment Index was improved for December at 82.5, after the November reading was adjusted from 82.5 to 75. Analysts noted that consumers were relieved when legislative gridlock ended.
What’s Ahead For Mortgage Rates This Week – December 23, 2013
December 23, 2013 by
According to December’s NAHB/Wells Fargo Housing Market Index, home builder confidence rose by four points to a reading of 58; this surpassed the consensus of 56 and November’s reading of 56.
What’s Ahead For Mortgage Rates This Week – December 16, 2013
December 16, 2013 by
Mortgage Debt Rises For First Time Since Recession
Last week was relatively quiet concerning scheduled housing-related news, but the Federal Reserve’s financial accounts report, released on Monday, indicated that mortgage debt in the U.S. had increased for the first time since the first quarter (Q1) of 2008.
What’s Ahead For Mortgage Rates This Week – December 9, 2013
December 9, 2013 by
Last week brought several indicators of a strengthening economy. New home sales, private and federal employment and mortgage rates rose.
What’s Ahead For Mortgage Rates This Week – December 2, 2013
December 2, 2013 by
The short holiday week brought a flurry of economic reports last week. Highlights included pending home sales, the S&P Case-Shiller Housing Market Indices and the FHFA home price index. No reports were released on Thursday and Friday in observance of the Thanksgiving holiday.
What’s Ahead For Mortgage Rates This Week – November 25, 2013
November 25, 2013 by
Last weekâs scheduled economic news was varied, but mortgage rates fell and jobless claims were significantly lower than expected. The minutes for last monthâs FOMC meeting were released, and confirmed the Federal Reserveâs intention to leave its quantitative easing program unchanged at least for the near term.
What’s Ahead For Mortgage Rates This Week – November 18, 2013
November 18, 2013 by
The Veterans Day holiday on Monday contributed to a quiet week for economic news. On Wednesday the reading for the federal budget deficit for October fell from Septemberâs reading of -$120 billion to -$92 billion.
A Guide to Refinancing Your Home with H.A.R.P
November 13, 2013 by
A colleague of mine recently mentioned that she had received a letter from her bank saying she was eligible for HARP refinancing. Now, even as a seasoned real estate professional, she had questions as to what HARP was, why she was now eligible for it, and if it was a program even worth considering. I went back in my brain and […]
